AMD Expands AI Portfolio with Strategic Acquisitions

Published 1 days agoAMD

AMD Expands AI Portfolio with Strategic Acquisitions

Advanced Micro Devices (AMD) has been on a strategic acquisition spree to bolster its artificial intelligence and co-packaging technologies. Among its key moves, AMD acquired Finnish AI startup Silo AI for approximately $665 million in July 2024, as reported by Reuters. This acquisition is designed to enhance AMD's capabilities in AI chips, sharpening its competitive edge in the burgeoning AI market.

Previously, in October 2023, AMD announced the acquisition of Nod.ai, an open-source AI software company. By integrating Nod.ai's technologies, AMD aims to strengthen its software capabilities and expedite the rollout of AI solutions optimized for its hardware. Furthermore, AMD completed the acquisition of Mipsology in August 2023, a leader in AI inference software, to boost its development in AI software.

These acquisitions reflect AMD's commitment to advancing its position in the AI sector. With Silo AI, Nod.ai, and Mipsology under its belt, AMD is positioning itself to provide more robust AI hardware and software solutions, enhancing its competitive landscape against other industry players.

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